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Bio-Rad Labs-A has the Highest Forward P/E Ratio in the Life Sciences Tools & Services Industry (BIO, ILMN, NEO, MTD, TECH)

By Nick Russo

Below are the three companies in the Life Sciences Tools & Services industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Bio-Rad Labs-A ranks highest with a a forward P/E ratio of 51.08. Following is Illumina Inc with a a forward P/E ratio of 39.66. Neogenomics Inc ranks third highest with a a forward P/E ratio of 33.61.

Mettler-Toledo follows with a a forward P/E ratio of 31.22, and Bio-Techne Corp rounds out the top five with a a forward P/E ratio of 29.18.

SmarTrend recommended that subscribers consider buying shares of Bio-Techne Corp on April 26th, 2017 as our technology indicated a new Uptrend was in progress when shares hit $105.26. Since that recommendation, shares of Bio-Techne Corp have risen 9.5%. We continue to monitor Bio-Techne Corp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio bio-rad labs-a illumina inc nasdaq:neo neogenomics inc mettler-toledo bio-techne corp

Ticker(s): BIO ILMN MTD TECH